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Darren buys a house for $50 while another goes for $125,000

The Lismore App

Simon Mumford

17 November 2025, 8:00 PM

Darren buys a house for $50 while another goes for $125,000162 Union Street, South Lismore sold for $320

There was a mixed bag of prices after last night's Resilient Homes program buyback auction at the Lismore Workers Sports Club in Goonellabah.


The bidding was hot and high early, with a 3-bedroom character home purchased for $125,000, before settling to the extent that Darren paid $320 for a 4-bedroom Union Street home for a bargain $320. And that wasn't the cheapest house on the night, Alex put his hand in his pocket and bought 11 Simmons Street, North Lismore for $50.



"I'm delighted," Alex told the Lismore App after completing his paperwork. He wouldn't be drawn into where the house was going or what it was being used for; however, Darren was willing to talk about his purchase.


"I reckon I got the bargain of the night, actually," Darren said, "My wife and I are going to relocate it and we're going to live in it."


Darren and his wife currently live on the Gold Coast, but their plans are to live in Grafton.


(Another large group of eager buyers at last night's auction)


"My wife's originally from Grafton, so more than likely we will put it back down in Grafton, around Water View Heights, that sort of area. We're going to build our dream home."


The dream home is for a large family; seven children between the ages of 6 and 16. What makes it even more affordable is that Darren is a carpenter, and his wife is also a tradie.


"We do up other people's houses, and we don't have one ourselves. We have seven kids, so we've been struggling with renting for almost 10 years now. So, to actually own our own home is going to be amazing.



"We'll probably add another two bedrooms, maybe three. I think six should be enough. We actually had this dream of buying a relocatable house about six years ago in South East Queensland, but the cost was just so prohibitive, so we sort of struggled through as renters for that period of time. Then I heard about this one."


Darren is no stranger to Lismore, as he worked on public housing renovations following the major 2001 flood.


"We did repairs and maintenance on six properties in Lismore. So, we know the area and we know the houses. We've got an affiliation with the area, and we feel for the people and place, because we spent over 12 months down here."


Sharon was another who felt she got a bargain at last night's auction. She purchased another Union Street house for $2,000.



Sharon and her husband Mark have a farm in North Lismore. This will be the second dwelling on their property for their son to live in when he moves back home from Brisbane to study the new Veterinary course at Southern Cross University next year.


You may be wondering why some of the house prices have been so low in the last two auctions, Murwillumbah and Lismore. It may have something to do with the fact that there were no multiple bidders last night. What has felt like house removal companies buying multiple properties to on-sell at previous auctions did not occur at the Workers Sports Club. That left many mum and dad buyers very happy as they exited the building, with only a tiny hit to the budget and loads of planning to get stuck into.


The next NSW RA house buyback auction will be on Tuesday, December 2 at 6pm back at the Lismore Heights Sports Club, when a further 12 homes will go under the hammer.


The viewing dates are Thursday, November 27 and Monday, December 1. You can check out the times here. And you can view the properties by clicking here through First National Real Estate, Wal Murray.




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